Wondry Wine Shark Tank Net Worth-What Happened To Wondry Wine After The Shark Tank Pitch?
What Is A Wondry Wine? Who Is The Founder Of Wondry Wine?
Wondry is a fruit-infused wine and sangria brand with heightened alcohol content that was created to reimagine the wine experience. The brand boasts of fruit-forward, semi-sweet wines infused with organic berry, citrus, and exotic fruit extracts for a succulently smooth and juicy finish.
Wondry’s products are priced between $14 to $26 per bottle, and they offer a wide selection of fruit-infused wine and cream with a funky twist on traditional wines that will leave you spoilt for choice. Some of the wines from their collection include Watermelon Rosé, Mango Passion Spritz, Vanilla Caramel Cream, Cran Apple En Blanc, Rose berry bubbly, Sangria Especial, etc. You can also opt to buy their best-selling bundles.
Wondry believes that great-tasting wine should be enjoyed by all. They reject exclusivity – #allwinoswelcomed from starter to sommelier. Their wines are aged in small batches and tastefully crafted for any drinkers alike. You can purchase Wondry’s products either from their website or from other retailers.
Whitney and Chaz Gates are the co-founders of Wondry Wine. Whitney earned an MBA from Washington University in St Louis and has worked at several major companies, including Coca-Cola and 7UP.
Chaz is a practicing attorney who practiced law in New York before moving back to his hometown in Texas. The idea of Wondry was born when Whitney was a little girl and too young to drink.
She was inspired by her uncle, who was an expert in winemaking. In 2017, Whitney decided to start Wondry after having an “aha moment” one evening.
Wondry Wine is a North Texas wine business that specializes in “cocktail wines” infused with organic fruit extracts in flavors like Mango Citrus Twist, Peach in Peace, and Sangria Especial. They also offer cocktail creams that can be served on ice or poured over coffee or ice cream.
On November 11, 2022, Wondry Wine landed an investment deal on ABC’s Shark Tank with Dallas entrepreneur and Dallas Mavericks owner Mark Cuban. Cuban offered to invest $225,000 for 15% equity in their start-up wine company.
What Happen To Wondry Wine At The Shark Tank Pitch?
Wondry Wine, a North Texas wine business launched in 2021 by husband and wife team Whitney and Chaz Gates, landed an investment deal on ABC’s Shark Tank with Dallas entrepreneur and Dallas Mavericks owner Mark Cuban.
Mark Cuban offered to invest $225,000 for 15% equity in their start-up wine company. Wondry Wine specializes in “cocktail wines” infused with organic fruit extracts in flavors like Mango Citrus Twist, Peach in Peace and Sangria Especial. They also offer cocktail creams that can be served on ice or poured in coffee or over ice cream.
After the Shark Tank pitch, Wondry Wine received a major boost in sales. The company’s high-quality cocktail wines are continuously being sold on its website.
The Shark Tank Collection is one of their popular products – it includes a juicy, semi-sweet wine infused with organic orange & lime extracts that delivers a light-bodied profile at 13.9% ABV. Customers have given positive feedback about the taste of Wondry Wine’s products.
What Happen To Wondry Wine After The Shark Tank Pitch?
Wondry Wine appeared on Shark Tank during Season 14, seeking an investment of $185,000 for 8% equity. After the show aired, Wondry Wine received a major boost in sales and secured a partnership with Southern Glazer’s, which is the world’s biggest alcohol distributor.
As of 2023, Wondry Wine is worth $1.5 million and has become part of the 1% of black-owned wine and spirits companies in America. The startup is expected to get more positive feedback as their products mostly have 5-star reviews from customers on their website.
They started by selling online but soon got into a number of retail stores. Wondry Wine is continuously being sold on its website and is expected to scale the business with Mark Cuban’s investment.
Wondry Wine Shark Tank Net Worth
The founders, Chaz and Whitney Gates, pitched their company on Shark Tank and secured a deal with Mark Cuban. As of 2023, Wondry Wine is worth $1.5 million. Since appearing on Shark Tank, Wondry Wine has experienced tremendous growth and success.
During their Shark Tank pitch, Chaz and Whitney Gates asked for $185k for an 8% stake from the sharks. Mark Cuban invested $225K in “Wondry Cocktail Wines” for 15% equity.
The retail price of their wines ranges from $14 to $99. A single bottle costs just under $4 per bottle, while retail stores buy the bottles from Wondry at just under $14 per bottle.
Wondry Wine has received positive reviews for its sophisticated profile, delightful flavor, smooth finish, refreshing fruit-forward flavor with a kick like your favorite cocktail, and elevated alcohol experience with succulently-smooth finish.
Is Wondry Wine Still In Business?
Yes, Wondry Wine is still in business as of November 2022. They are a small-batch craft wine company that produces 100% natural wine using organic berry, citrus, and exotic fruit without adding any artificial ingredients.
Their wines are produced at 13.9% ABV (alcohol by volume) and sold at an average price of $18.99 through retail and direct-to-consumer methods. The company is headquartered in Dallas, Texas, United States.
Wondry Wine appeared on Shark Tank in Season 14 and received a deal with Mark Cuban for $225,000 for 15% equity. Since appearing on the show, the company has received a major boost in sales. However, their net worth is estimated to be around $60,000 based on their old sale reports.
Wondry Wine’s high-quality cocktail wines are continuously being sold on their website and delivered to customers’ doorsteps. They believe that great-tasting wine should be enjoyed by all without feeling excluded from the premium wine experience due to pretentiousness or intimidation.